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The Latest Breaking News from Michael McGrath

Further interest hikes announced in major blow to mortgage payers

This is the fifth interest hike since last summer which will put more pressure on households struggling to keep afloat during the cost of living crisis

Dublin Live

Mortgage holders to pay hundreds more per year after rate hike with another on the way next month

It means hundreds of thousands of households are waking up to the bad news

Irish Mirror

'I fear that businesses will close' - Irish shopkeeper shocked by €14,000 electricity bill

Mum-of-three Flora, 34, who employs up to 22 people, said the charges are the “biggest electricity bills I have ever seen in my life”

Irish Mirror

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Calls for new tax as richest 1% of Irish people own more than a quarter of country’s wealth

Oxfam Ireland is calling for a tax on Irish wealth at graduated rates of 2%, 3% and 5% above a threshold of 4.7 million euro, which it said would raise billions annually 'with the potential to transform Irish public services'

Irish Mirror

Richest 1% of Irish people own more than a quarter of country’s wealth – Oxfam

The charity said the richest 1% in Ireland have gained 70 times more wealth than the bottom 50% in the last 10 years.

The Independent UK

Ireland’s rate of inflation has peaked – finance minister

Michael McGrath welcomed the figures but said that there ‘is still a long way to go to’ before inflation is fully under control.

The Independent UK

Rent tax credit Ireland: How to claim €500 payment as Budget 2023 scheme opens from today

A raft of other tax changes announced in the Budget also come into effect from January 1 and will see a boost to over 1.5m people’s pay cheques from this month onwards.

Irish Mirror

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Transport Minister hints at extension on cost of living supports such as cuts in excise for motorists

“Michael McGrath (Finance Minister) will have the key decision on that"

Irish Mirror

'Unprecedented strain' on emergency departments not acceptable – minister

Sinn Fein leader Mary Lou McDonald said the HIQA report is a 'damning indictment' of Government health policy

Irish Mirror

Government's 0.3% vacant property tax is 'laughable', Dail hears

'If the value of your home will increase by more than 10% if you leave it vacant, how on earth is a tax of 0.3% an incentive to bring it back into use?'

Irish Mirror

Paschal Donohoe re-elected as head of Eurogroup

The Fine Gael TD’s unopposed run for a second term heading up the gathering of euro-using countries’ finance ministers comes ahead of an unusual Cabinet reshuffle

Irish Mirror

Paschal Donohoe is re-elected as head of Eurogroup

It comes after some wrangling within the Irish government over how an unusual Cabinet reshuffle may affect Mr Donohoe’s second term.

The Independent UK

Irish Government 'can't rule out' possibility of recession next year

Minister McGrath said the Government was “very open” about the risks facing the Irish economy when the Budget was announced on September 27.

Irish Mirror

Social welfare scheme to open to another 81,000 people next month

Social Protection Minister Heather Humphreys has confirmed that eligibility for the fuel allowance will be widened to bring an extra 81,000 people on board.

Irish Mirror

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The Independent UK

Future generations will not forgive us for climate change inaction – Martin

The Taoiseach told the Cop27 climate summit in Egypt that Ireland is doing all it can to hit its climate targets.

Irish Mirror

Darragh O’Brien won't 'speculate' on whether Government will hit housing target

The Government has repeatedly said that it will “exceed” its overall housing target of 24,600 this year. Many of these homes will be provided by the private sector.

Dublin Live

Donohoe to be nominated for Eurogroup presidency despite Fianna Fáil unease

Key roles in such a small country as Ireland should not be given up lightly, warns Tánaiste Leo Varadkar

Irish Mirror

Government will fall short of target to build 9,000 social houses this year amid criticism

“We don’t believe at this juncture that 9,000 will be met"

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Irish Mirror

ECB's interest rate rise could help 'contain' house prices and inflation, says Leo Varadkar

The Tanaiste said that while the rise will not be welcomed by mortgage holders or borrowers, it will help bring down inflation and could bring down house prices

Irish Mirror

Leo Varadkar warns war in Ukraine could mean increase in prices of flights across Europe

Mr Varadkar suggested that the war in Ukraine will continue to have an impact on Irish tourism

Irish Mirror

Leo Varadkar claims ECB mortgage rate hike for thousands could help bring down house prices for others

The move could affect thousands of Irish mortgage holders and add several hundred euro each month to repayments

Irish Mirror

Social welfare Ireland: Who is eligible for four bonus payments due during same week in November

A major boost for thousands of people is incoming

Irish Mirror

Thousands could benefit from additional social welfare lump sum payments as cost of living crisis continues

The news comes after the Government announced its cost of living package in Budget 2023

Irish Mirror

Dipping into rainy day fund cannot be ruled out, says Public Expenditure Minister Michael McGrath

Michael McGrath said it was 'prudent' of the Government to set aside the funds

Irish Mirror

Landlord with four properties tells RTE radio Budget 2023 phone-in that Government 'has thrown landlords under the bus'

The caller said landlords were 'not valued whatsoever'

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